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Taiwan’s Powerchip considering 5 sites in Japan for $5.4 billion factory – sources
By Fanny Potkin, Sam Nussey and Miho Uranaka SINGAPORE/TOKYO (Reuters) - Taiwan chipmaker Powerchip Semiconductor Manufacturing Corp is considering around five sites in Japan, including Mie prefecture...
Syndicated Content Oct 17, 2023
Tesla recalls nearly 55,000 Model X vehicles, auto regulator says
(Reuters) - Tesla has recalled 54,676 Model X vehicles manufactured between 2021-2023 as the vehicle controller is likely to fail to detect low brake fluid and not display a warning light, U.S. auto r...
Syndicated Content Oct 17, 2023
Virgin Australia’s IPO executive David Marr resigns
(Reuters) - Bain Capital-owned Virgin Australia on Tuesday said its Chief Development Officer David Marr, who was assigned to lead the airline's plans for an eventual initial public offering (IPO), ha...
Syndicated Content Oct 17, 2023
Explainer-Country Garden: What happens next?
By Clare Jim HONG KONG (Reuters) - Country Garden's entire offshore debt will be deemed to be in default if China's largest private property developer fails to make a $15 million coupon payment on Tue...
Syndicated Content Oct 17, 2023
Japan ruling LDP offers proposals for Kishida’s economic package, but no income tax cuts
TOKYO (Reuters) - Lawmakers from Japan's ruling Liberal Democratic Party (LDP) gave a list of proposals to Prime Minister Fumio Kishida's cabinet for possible inclusion in an economic package to help ...
Syndicated Content Oct 17, 2023
Electric truck maker Volta Trucks files for bankruptcy in Sweden
By Nick Carey LONDON (Reuters) -Electric truck maker Volta Trucks said on Tuesday it has decided to file for bankruptcy proceedings in Sweden, after difficulties at suppliers made it hard for the star...
Syndicated Content Oct 17, 2023
Umicore cuts investment target after expanding EV battery materials production
(Reuters) - Belgium's Umicore said on Tuesday it had lowered its net capital expenditure target for 2026 after expanding its battery materials production facilities to North America, with plans to bui...
Syndicated Content Oct 17, 2023
UK regular pay growth slows for the first time since January
By David Milliken LONDON (Reuters) -Growth in British workers' regular pay - which is being watched closely by the Bank of England - slowed from a previous record high and job vacancies also dropped, ...
Syndicated Content Oct 17, 2023
Rolls-Royce to cut up to 2,500 roles in latest efficiency drive
LONDON (Reuters) -British engineering company Rolls-Royce said it would cut up to 2,500 roles as its new chief executive seeks to build a more efficient business, in the latest turnaround plan designe...
Syndicated Content Oct 17, 2023
Factbox-China’s measures to shore up its indebted property sector
BEIJING (Reuters) - China has rolled out a flurry of support measures in recent months to revive its property sector which has been in crisis since policymakers began cracking down on the industry's d...
Syndicated Content Oct 17, 2023
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